Huawei Technology Co. Ltd.'s customer business sales reached a new record defeating it $52 billion sales in 2018. The gain in sales is due to the strong demand for its premium smartphones despite being questioned globally because of privacy issues.
Richar Yu, the head of the consumer division of Huawei, said that the 50 percent increase in the Chinese tech giant's revenue saw that its largest segment by sales is represented by users who replaced their units to carry their business.
On Thursday, the company publicized the Tiangang, its first 5G base station chipset, and its 5G MODEM Balong 5000. The Balong 5000 is known as the strongest 5G modem in the world. Yu said that the company's first 5G modem can support both Non-standalone (NSA) and Standalone (SA) 5G network platforms.
Currently, the company uses its chipsets in most of its high-end phones and server products. However, the company said that they have no plans of competing with companies like Intel Corp and Qualcomm Inc. in becoming a standalone semiconductor vendor.
Huawei is the world's biggest producer of telecommunications equipment and the company has faced global scrutiny in recent years due to its alleged attachment to the Chinese government. The United States alleged that Huawei products are used by China in spying. Huawei repeatedly denied all allegations of involvement in government operations. Last month, the companies finance chief Sabrina Meng Wanzhou was arrested in Canada at the request of the United States. She was released after paying her bail. She is still in Canada the United States pursued its extradition over allegations of bank fraud with Iran-related sanctions. The company denies the guilt of the allegations.
Some nations including the United States and its allies, Australia, and New Zealand implemented restrictions for the company's products in their market.
Recently, Canada's ambassador to China was on a hot seat after saying that Wanzhou had a strong case against the extradition to the United States. On Tuesday, Ambassador John McCallum said that the CFO has good arguments on her side. He, however, however, released a statement after his first statement that he regrets that his comments with respect to the legal proceedings of the CFO have created confusion. The ambassador said that he "misspoke" and he also added that his comments do not accurately represent his position in the issue.
Canada's government has pointed out that they will follow the rule of law.
